Last updated: December 20, 2011 - 2:53pm
Spending on home entertainment totaled $3.9 billion in the third quarter of this year, up 5% from a year earlier, marking the first increase since the recession took hold in 2008.
A continued drop in consumer purchases of movies came despite the growth in popularity of Blu-ray discs. Sales of films Blu-ray discs, an increasingly popular format, were up 58%, but that wasn't enough to offset a decline in DVD sales. Digital revenue, increasingly important for the home entertainment business, showed double-digit percentage gains. Spending on online rentals and purchases jumped 56% to $811 million as subscription streaming services such as those offered by Netflix and Amazon gained popularity.
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